F.P. Report
ISLAMABAD: The International Monetary Fund (IMF) has acknowledged that Pakistan’s economic activity has stabilized and inflation has begun to gradually decline on the back of strong policy adjustment.
In its country report on Pakistan, the international lender said that external pressures have eased somewhat since June last year and the State Bank of Pakistan has taken advantage of renewed inflows to begin rebuilding foreign exchange reserves.
The IMF report further states that Pakistan’s fiscal performance has also improved with the government achieving a primary surplus in the first quarter of this fiscal year.
Welcoming this progress, the IMF warned that the outlook is still challenging.
NEW YORK (AP): One political party is holding urgent news conferences and congressional hearings over…
GAZA (AFP): Heavy clashes and bombardment Saturday rocked Gaza's southern city of Rafah, witnesses said,…
VIENNA (AFP): Austria said Saturday it will restore its funding to the UN agency for…
DUBAI (AFP): A crude oil tanker was hit by a missile off the coast of…
PYONGYANG (AFP): North Korea has test-fired a tactical ballistic missile equipped with a "new autonomous…
JERUSALEM (AFP): New divisions have emerged among Israel’s leaders over post-war Gaza’s governance, with an…
This website uses cookies.